President Donald Trump continues to criticize the Fed for being slow to lower interest rates

On October 29, speaking at the APEC CEO Summit 2025 in Gyeongju City (South Korea), US President Donald Trump once again expressed his dissatisfaction with the US Federal Reserve (Fed) and Fed Chairman Jerome Powell, saying that the agency was slow in cutting interest rates.

The US leader asserted that his administration will not accept the Fed maintaining a tightening stance because of concerns about inflation in the distant future. He predicted that the US economy could grow 4% in the first quarter of 2026, much higher than economists' forecasts, despite the new import tariffs being assessed as slowing growth.

The tensions between Mr Trump and the Fed continue to grow, as the US leader repeatedly criticizes the agency for not cutting interest rates faster, saying the Fed is lagging behind Europe and negatively affecting business sentiment. Analysts predict the Fed could cut interest rates by another 0.25 percentage points at its upcoming meeting.

Also at the event, Mr. Trump said that the US has received investment commitments of up to hundreds of billions of dollars from many large corporations such as TSMC Global (Taiwan, China), SoftBank (Japan), Hyundai Motor (Korea) and international pharmaceutical companies. He emphasized the desire to promote cooperation with Korea and Japan in the field of shipbuilding.

Source: https://vtv.vn/tong-thong-donald-trump-tiep-tuc-chi-trich-fed-vi-cham-ha-lai-suat-100251029150224597.htm